Assenagon Asset Management S.A. Sells 183,705 Shares of Rush Street Interactive, Inc. $RSI

Assenagon Asset Management S.A. trimmed its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,477 shares of the company’s stock after selling 183,705 shares during the period. Assenagon Asset Management S.A. owned about 0.29% of Rush Street Interactive worth $13,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock valued at $484,000 after acquiring an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Rush Street Interactive by 18.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after acquiring an additional 109,366 shares during the period. Geode Capital Management LLC lifted its holdings in Rush Street Interactive by 14.0% during the second quarter. Geode Capital Management LLC now owns 2,187,204 shares of the company’s stock valued at $32,593,000 after purchasing an additional 268,295 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in Rush Street Interactive by 30.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 19,920 shares of the company’s stock worth $297,000 after purchasing an additional 4,635 shares during the period. Finally, Swiss National Bank boosted its position in Rush Street Interactive by 5.5% during the second quarter. Swiss National Bank now owns 172,100 shares of the company’s stock worth $2,564,000 after purchasing an additional 9,000 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RSI shares. Zacks Research lowered shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Oppenheimer increased their target price on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Citizens Jmp raised Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Rush Street Interactive has an average rating of “Moderate Buy” and an average target price of $23.22.

Rush Street Interactive Trading Down 2.0%

NYSE:RSI opened at $21.03 on Friday. The company has a 50-day moving average price of $19.01 and a 200-day moving average price of $19.06. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 75.09 and a beta of 1.54. Rush Street Interactive, Inc. has a 12 month low of $9.66 and a 12 month high of $22.65.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The company had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. During the same period in the previous year, the company earned $0.07 earnings per share. Rush Street Interactive’s quarterly revenue was up 27.8% on a year-over-year basis. Equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the chief operating officer owned 125,448 shares in the company, valued at approximately $2,762,364.96. The trade was a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel W. Yih sold 50,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $20.14, for a total transaction of $1,007,000.00. Following the completion of the sale, the director directly owned 131,678 shares in the company, valued at $2,651,994.92. This represents a 27.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,407,743 shares of company stock valued at $26,371,042 in the last three months. Company insiders own 56.94% of the company’s stock.

Rush Street Interactive Company Profile

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.